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Redfin (RDFN)
NASDAQ:RDFN
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.67Last Year’s EPS
-0.57Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -12.70%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
Redfin showed strong revenue growth and improvements in adjusted EBITDA, supported by strategic partnerships and expansion of the sales force. However, challenges such as increased costs from transitions, flat market share, and a challenging housing market landscape were noted. The highlights and lowlights were balanced, reflecting both significant achievements and notable challenges.Company Guidance
During the Redfin Corporation Quarter Four 2024 Earnings Call, CEO Glenn Kelman reported a fourth quarter revenue of $244 million, a 12% increase from the previous year, marking the company's fourth consecutive quarter of growth. Despite an adjusted EBITDA loss of $3 million, the company saw a yearly improvement, with a total adjusted EBITDA loss of $27 million for 2024, an improvement of $53 million from 2023. The company's real estate services market share remained flat at 0.72%, although Kelman expressed optimism about future growth due to a 25% increase in the lead agent census, which rose from 1,757 in Q3 to over 2,200. Redfin also entered a $100 million rentals partnership with Zillow to enhance its apartment listings and plans a 38% increase in 2025 advertising spend. For the first quarter of 2025, the company expects revenues between $214 million and $225 million and an adjusted EBITDA loss between $39 million and $32 million. The company aims for significant adjusted EBITDA profitability in 2025, supported by increased advertising and an expanded sales force.Revenue Growth in Q4 2024
Redfin's fourth quarter revenue was $244 million, up 12% over the previous year, marking the fourth straight quarter of growth. Real estate services grew faster than at any point since Q4 2021.
Improvement in Adjusted EBITDA
Full year adjusted EBITDA loss was $27 million, an improvement of $53 million over 2023 and $165 million over 2022. The adjusted EBITDA loss in Q4 was $3 million, better than the $13 million loss in the prior year.
Expansion of Sales Force
Lead agent count increased by 25% from Q3, with over 2,200 agents as of the end of the quarter. New hires have been outperforming tenured agents at critical points in the sales cycle.
Rentals Partnership with Zillow
Redfin signed a partnership with Zillow, expected to double the number of high-quality apartment listings and strengthen the balance sheet with a $100 million payment.
Growth in Ancillary Sales
Title attach rates increased to 63% from 60% and mortgage attach rates surged to 29% in January. The title business generated $8 million in adjusted EBITDA for 2024, an improvement of $9 million over 2023.
Monetization Segment Growth
Monetization earned $15 million in 2024 adjusted EBITDA, up 46% from 2023.
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RDFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $7.64 | $6.67 | -12.70% |
| Nov 07, 2024 | $11.46 | $9.67 | -15.62% |
| Aug 06, 2024 | $7.06 | $6.40 | -9.35% |
| May 07, 2024 | $6.37 | $6.25 | -1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Redfin (RDFN) report earnings?
Redfin (RDFN) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Redfin (RDFN) earnings time?
Redfin (RDFN) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDFN EPS forecast?
RDFN EPS forecast for the fiscal quarter 2025 (Q1) is -0.67.
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